This module allows you to analyze existing cross correlation between DOW and 1933 INDUSTRIES INC. You can compare the effects of market volatilities on DOW and 1933 INDUSTRIES and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in DOW with a short position of 1933 INDUSTRIES. See also your portfolio center. Please also check ongoing floating volatility patterns of DOW and 1933 INDUSTRIES.
|Horizon||30 Days Login to change|
Predicted Return Density
DOW vs. 1933 INDUSTRIES INC
Given the investment horizon of 30 days, DOW is expected to generate 0.24 times more return on investment than 1933 INDUSTRIES. However, DOW is 4.18 times less risky than 1933 INDUSTRIES. It trades about -0.02 of its potential returns per unit of risk. 1933 INDUSTRIES INC is currently generating about -0.24 per unit of risk. If you would invest 2,721,985 in DOW on September 15, 2019 and sell it today you would lose (43,249) from holding DOW or give up 1.59% of portfolio value over 30 days.
Pair Corralation between DOW and 1933 INDUSTRIES
|Time Period||3 Months [change]|
Diversification Opportunities for DOW and 1933 INDUSTRIES
Overlapping area represents the amount of risk that can be diversified away by holding DOW and 1933 INDUSTRIES INC in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on 1933 INDUSTRIES INC and DOW is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on DOW are associated (or correlated) with 1933 INDUSTRIES. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of 1933 INDUSTRIES INC has no effect on the direction of DOW i.e. DOW and 1933 INDUSTRIES go up and down completely randomly.
See also your portfolio center. Please also try Transaction History module to view history of all your transactions and understand their impact on performance.